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BOTS, Inc. (BTZI)

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  • GlobeNewswire

    BOTS INC ANNOUNCES INDUSTRY'S FIRST COMBINED HASHING POWER AND BITCOIN MINERS' PRODUCT WARRANTY

    SAN JUAN, May 04, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), ("The Company") a vertical integrator and an emerging innovator of products, I.P. licensing, commercialization of technologies, services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today the industry's first combined hashing power and bitcoin miners' product warranty. The warranty covers labor on all components of the bitcoin mining rig, including the availability of remote monitoring services, mining rig hardware coverage, and racking systems. This new BOTS Inc "MinerGuard™" extended warranty applies to labor in addition to the product, original equipment manufacturer, Bitmain – the world's leading producer of cryptocurrency mining hardware when installed by a Bitmain authorized installers. Coverage under the MinerGuard™ warranty is now available to all Bitmain mining rigs, new and used. "The MinerGuard™ full-comprehensive warranty ensures bitcoin mining farm operators have complete peace-of-mind while making managing mining operations easier and more efficient," said Simon Rubin, Chairman of Bots Inc. "Bots Inc listens closely to industry trends, customers feedback and is always trying to create products and solutions that meet the market's needs. The initial response to our bitcoin miners warranty programs is very positive from the warranty coverage introduction, and it became clear that there is a need to offer this type of extended warranty to the Bitcoin mining industry." Bots will additionally offer a hashing Power Warranty that Guarantees stable bitcoin hashing Production throughout the Life of the bitcoin mining farm. The Company plans to utilize an advanced A.I. engine that optimizes extended warranty offers. The extended miner warranty program will initially be covering Bitmain manufactured miners, and soon, BTZI will add coverage for Canaan Inc miners, MicroBT Whatsminer, and other leading bitcoin miner manufacturers. The Company announced earlier the availability of bitcoin mining repairs through an authorized national bitcoin miners' repair center, which is now fully operational. As reported by Coindesk recently: The U.S. and Canada currently account for less than 10% of global crypto mining hash power. There are around 15 large-scale bitcoin mining facilities operating in North America. Around 3,000,000 bitcoin miners are in operation in the U.S. and about 2,000,000 in Canada. BTZI estimates the extended bitcoin miners' warranty market size to exceed $1.2 billion in the U.S. Being the only provider of the extended warranty for the bitcoin miners; BOTS Inc is now positioned to capture this unserved market. The Company plans to quickly expand this service to Canada and then worldwide. Research and Markets estimate the extended warranty segment will reach a staggering $50.2 billion by 2026. We plan to announce the completion of our warranty website this week, but for now, interested parties may contact us via info@Bots.BZ About BOTS, Inc. Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) is a diversified company developing and servicing blockchain, cybersecurity, and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA). BTZI is the founder of the First Worldwide Bitcoin ATM consortium or network, the blockchain-powered computer network that will enable Bitcoin ATM customer wallets issued by a Bitcoin ATM operator that will be a member of the network to be used to perform Bitcoin ATM transactions through ATMs that belong to another operator of the network. This is especially convenient when traveling abroad, where Bitcoin ATMs may be widely available. A network is a common way of delivering, buying, or selling cryptocurrency services that increase the network value by linking many operators together. For example, the value of a cellular telephone network to customers increases with the number of customers that can be reached via the global network. Similarly, Bitcoin ATM networks will link together Bitcoin ATMs in various locations, giving the customers of each operator greater access to their crypto accounts. Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our Company, services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our Company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time. Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/ Follow BTZI news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz Find BTZI news at http://www.bots.bz Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit http://www.bots.bz Visit BTZI on Facebook https://www.facebook.com/Bots.Bz/ Follow BTZI on Twitter @Bots_bz Forward-Looking Statements Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings. Contact: Oleksandr Gordieiev CEO info@bots.bz

  • GlobeNewswire

    BOTS INCORPORATED COMPLETES I.P. PORTFOLIO OF BITCOIN ATM PATENTS; WILL PROCEED LICENSING TO THE INDUSTRY: PROJECTS $30 MILLION IN YEARLY REVENUES.

    SAN JUAN, April 22, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, I.P. licensing, commercialization of technologies and services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today that it entered into a strategic agreement to exclusively license the intellectual property for its Bitcoin ATM I.P. portfolio. The I.P. portfolio now includes licensing agreement for patent US 10,332,205 B1 (Bitcoin kiosk/ATM device and system and method of using the same). BTZI announced in October 2020 that it acquired a subsidiary from First Bitcoin Capital Corp (OTC: BITCF), which includes the rights to U.S. Patent No. 9,135,787 - "Bitcoin Kiosk / ATM Device and System Integrating Enrollment Protocol and Method of Using the Same." Known as the "Bitcoin ATM Patent," this patent is related to the purchase and sale of cryptocurrencies utilizing a Bitcoin ATM or kiosk that allows customers to purchase Bitcoin or other cryptocurrencies by using cash, debit, or credit cards. Many of the elements of that intellectual property (I.P.) will be "standard-essential claims," which are critical for the Bitcoin ATM networks to operate. Wrapping up this additional patent under the BTZI umbrella allows BTZI to immediately proceed with licensing agreements for the industry, including the manufacturers of Bitcoin ATMs and owner-operators. BTZI will introduce several licensing programs, including a per transaction licensing fee, revenue share, or partner program with owner-operators. CoinTelegraph.com reported recently that the number of Bitcoin ATMs in the U.S. rose 177% over the past year, reaching closer to 16,000 in April 2021. Coin ATM Radar's ticker tracking crypto ATM installation speed indicated that 34.6 new ATMs are being installed each day. The top 10 Bitcoin ATM operators run over 11500 crypto ATMs (61.6%). BTZI is the founder of the first worldwide Bitcoin ATM consortium or network, the blockchain-powered computer network that will enable Bitcoin ATM customer wallets issued by a Bitcoin ATM operator that will be a member of the network to be used to perform Bitcoin ATM transactions through ATMs that belong to another operator of the network. This is especially convenient when traveling abroad, where Bitcoin ATMs may be widely available. A network is a common way of delivering buying or selling (conducive to cryptocurrency) services that increase the network value by linking many operators together. For example, the value of a cellular telephone network to customers increases with the number of customers that can be reached via the global network. Similarly, Bitcoin ATM networks will link together Bitcoin ATMs in various locations, giving the customers of each operator greater access to their crypto accounts. Crypto entrepreneur Bobby Lee, who is the co-founder and former CEO of China-based crypto exchange BTCC and the founder and CEO of crypto wallet startup Ballet, told CNBC that "Bitcoin could surge to $300,000 — but winter could last for years when the bubble bursts." Lee is also a member of the Bitcoin Foundation's board of directors and is the brother of Litecoin (LTC) creator Charlie Lee. Lee has had a blockbuster 2021 so far, with the cryptocurrency breaking multiple record levels this year and surpassing the $63,000 mark earlier in March. It last traded at $53,660.24, according to data from Coin Metrics. According to CoinATMradar.com, as of April 2021, there were closer to 16,000 Bitcoin ATMs installed in the USA. Average Bitcoin ATM kiosks process 130-180 transactions monthly. This number of transactions translates to up to $20-35 million as potential income from I.P. licensing for the Company per year. About BOTS, Inc. Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) is a diversified company developing and servicing blockchain, cybersecurity, and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA). BTZI is the founder of the First Worldwide Bitcoin ATM consortium or network, the blockchain-powered computer network that will enable Bitcoin ATM customer wallets issued by a Bitcoin ATM operator that will be a member of the network to be used to perform Bitcoin ATM transactions through ATMs that belong to another operator of the network. This is especially convenient when traveling abroad, where Bitcoin ATMs may be widely available. A network is a common way of delivering, buying, or selling cryptocurrency services that increase the network value by linking many operators together. For example, the value of a cellular telephone network to customers increases with the number of customers that can be reached via the global network. Similarly, Bitcoin ATM networks will link together Bitcoin ATMs in various locations, giving the customers of each operator greater access to their crypto accounts. Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our Company, services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our Company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time. Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/ Follow BTZI news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz Find BTZI news at http://www.bots.bz Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit http://www.bots.bz Visit BTZI on Facebook https://www.facebook.com/Bots.Bz/ Follow BTZI on Twitter @Bots_bz Forward-Looking Statements Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings. Contact: Paul Rosenberg CEO paul@bots.bz

  • GlobeNewswire

    BOTS Inc. Acquiring 50% Stake in Decentralized Exchange, Beadswap

    SAN JUAN, April 19, 2021 (GLOBE NEWSWIRE) -- BOTS, Inc. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies, and services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry, announced today that it entered into an agreement to acquire 50% ownership of Beadswap (in beta) from Equity Art Corp. The purchase includes 50% ownership in a related 8.1 trillion beadswap coins (CRYPTO: BEAD) generated on the Ethereum blockchain and listed on Beadswap as seen here: https://info.beadswap.me/#/home "We were attracted to the carefully designed Beadswap knowing that similar decentralized exchanges such as Uniswap enjoy a market cap of more than 10 billion USD with smaller upstart competitors to Uniswap quickly reaching more than 1 billion in market cap after launching as well as the magnitude of the seller's assets and operational magnitude," stated Bots' Chairman, Simon Rubin. A recent article published by Forbes.com entitled Coinbase, Kraken, Gemini, And Other Crypto Exchanges Must Embrace Defi To Capture Growth –described the following: "Coinbase's direct listing on Nasdaq is a watershed moment for the crypto industry. It will be the first public crypto company with pure and dependable cash flows that are on par with some of the largest and most established exchanges in the world. Coinbase generated 2020 revenue of $1.3 billion, compared to CBOE's $1.2 billion, Nasdaq's $2.9 billion, and CME's $4.9 billion. Despite launching a myriad of products such as Commerce (SPSC ), Earn, Custody, staking, and others, trading fees make up the lion's share of Coinbase's $3.4 billion LTD revenue, at approximately 96%. DEXs are a type of crypto exchange within the decentralized finance ("Defi") ecosystem that allows for direct peer-to-peer transactions to take place without intermediaries. By utilizing decentralized smart contracts encoded on public blockchains, users always retain their private keys, which removes counterparty risk inherent to centralized exchanges. Defi offers a fast-growing ecosystem of continuous innovation as distributed project teams interact with open-source protocols and create novel use cases previously unimaginable. In order to be competitive and retain market share, centralized exchanges must form mutually beneficial symbiotic relationships with Defi platforms and products. "DEXs” such as Uniswap, Sushiswap, 0x, Curve, Serum, Balancer, and others combined monthly volume surpassed $61 billion in January of this year. Six months prior, in July 2020, the combined DEX monthly volume was just $4.9 billion, an astounding increase of over 1,100%. Although the combined volume of centralized exchanges in January was considerably higher at $906 billion, DEX volume is catching up with a current volume ratio of 7%, up from 4.6% in July of last year. "Coinbase, Kraken, Gemini, and other exchanges are thriving, but what will happen if decentralized exchanges ("DEXs") continue their spectacular growth, fundamentally threatening to disrupt their centralized counterparts?" In unrelated news, Bots expects to file its 10K later today and plans to provide an additional update when it reports its full third-quarter results later this month. About Equity Art Corporation Equity Art Corp., founded in 2004, is a large-scale enterprise specializing in asset collection, art trade, product development, and tourism. Headquartered in Xi'an, China, the Company's business philosophy is inspired by the history and culture of the ancient Silk Road. Equity Art's flagship property is the Silk Route Museum, one of the largest privately-owned museums in China. It features a construction area of over 10,000 square meters and contains an international collection of over 35,000 works of fine art, historical artifacts, fossils, and jade masterpieces. The Company's other projects include one of the world's largest subterranean art galleries, the Dunhuang Natural History museum, a 700-acre Silk Road tourism and expo center, an art auction business, and the online travel platform Silkroad.host. Recognizing the unique opportunity presented by blockchain to provide more reliable provenance tracking for art and antiques, the Company in 2018 created Equity Art Online; a digital division focused on utilizing distributed ledger technology, 3D scanning, and non-fungible tokens (NFT) to advance the art and museum industries. Beadswap, a decentralized asset exchange, is one of the core components of this initiative. About Beadswap Beadswap.me is a decentralized exchange built on the Ethereum network. Users can swap, create markets, add liquidity, and stake Ethereum-based tokens without the use of an intermediary. Unlike traditional, centralized market-making, Beadswap uses an automated market maker (AMM) protocol to facilitate decentralized trading so that prices are determined algorithmically instead of through an order book. Shang He, Vice President of Equity Art Online, commented, "The total value locked in Defi platforms grew from around $1 billion a year ago to over $60 billion currently. We are excited to bring this groundbreaking new technology to help revolutionize the art and tourism sectors." About BOTS, Inc. Headquartered in San Juan, Puerto Rico, BOTS, Inc. - publicly traded on the OTC Markets under the symbol (BTZI) is a diversified company developing and servicing blockchain, cybersecurity, and robotics solutions for its clientele. The Company is committed to driving the innovations needed to shape the future of digital robotic automation management through digital technology and decentralized blockchain solutions. Management is dedicated to the strong growth of Distributed Asset Technology and Robotic Process Automation (RPA). Shareholders, potential investors, and others should note that we announce material events and material financial information to our shareholders and the public using our website and the social media addresses listed below, as well as in our SEC filings, press releases, public conference calls, and webcasts. We also use social media to communicate with our subscribers and the public about our Company, services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, we encourage shareholders, the media, and others interested in our Company to review the information we post on the U.S. social media channels listed below. This list may be updated from time to time. Track BTZI news on Facebook @ https://www.facebook.com/Bots.Bz/ Follow BTZI news on Twitter @Bots_bz http://www.Twitter.com/Bots_bz Find BTZI news at http://www.bots.bz Bots, Inc. has been featured in media nationwide, including CNBC, Bloomberg, TheStreet.com. For more information, visit http://www.bots.bz Visit BTZI on Facebook https://www.facebook.com/Bots.Bz/ Follow BTZI on Twitter @Bots_bz Forward-Looking Statements Certain statements contained in this press release may constitute "forward-looking statements." Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as may be disclosed in the Company's filings. In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors, including (without limitation) general industry and market conditions and growth rates, economic conditions, and governmental and public policy changes. The forward-looking statements included in this press release represent the Company's views as of the date of this press release, and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of the press release. Such forward-looking statements are risks that are detailed in the Company's website and filings. Contact: Paul Rosenberg CEO paul@bots.bz